Upcoming IPOs in December 2021

The frenzy of companies going public in 2021 is reaching new heights every month, and the same can be expected for December as well. Market results show that the total IPO funding accumulation for this year has crossed the coveted Rs. 100 lakh crore mark. The COVID-19 pandemic has been stressful for the global economy, but India’s market has recovered quickly. Currently, the stock market is riding high, and firms are trying to reap its benefits by going public in this period.

Hence, if you are planning to invest, this could be the correct time. To help you in this regard, here is an insight into the public issues going live in December 2021.

IPOs in the Calendar Year of 2021

The total funds raised through the IPO was expected to cross Rs. 100 lakh crore mark by the end of FY2022. However, the flurry of companies going public in November has achieved an astonishing result, and it is safe to say that it will set a new benchmark by the end of March 2022.

Nonetheless, IPOs of organisations like LIC, OYO Hotels and Homes, Ola, Star Health, boAt Electronics are yet to come, which will further add to this tally.

Additionally, companies like Zomato, PolicyBazaar, Paras Defence, Paytm, Barbeque Nation, Devyani International, and many others have closed their public issues with notable success. Paytm with its Rs. 18,300 crore IPO has now become India’s largest public issue surpassing Coal India’s IPO a few years back.

Mentioned below is a list of tentative IPOs going live between December 2021 and March 2022.

IPOs to Expect in December 2021

Stated below is a list of firms that are planning to make their debut in Dalal Street in the month of December 2021. However, remember that this information is tentative, and it will alter as future updates come in.

Go Airlines

• One of India’s leading budget airline companies, Go Airlines, is going public with an IPO of Rs. 3,600 crores in December 2021. This public issue will only contain fresh issue equity shares at a face value of Rs. 10 per share.
• Additionally, the company is also pondering an anchor investment of Rs. 1,500 crores.
• The main objective of this public offering is to help the company to reduce its current debts and meet general corporate purposes.

Emcure Pharmaceuticals

• Emcure Pharmaceuticals, a leading organisation in its respective field, has plans to go public with an IPO of about Rs. 4,500 crores.
• This initial public offering will entail both new issue equity shares and an OFS. About 18 million shares will be available under an offer for sale by the company promoters and existing stakeholders. Whereas the fresh issue equity will include shares sale of about Rs. 1,100 crores.
• The primary objective of this public offering is to repay the current debts of the company.

Jana Small Finance Bank

• Following its establishment in 2008, Jana Small Finance Bank has fared well in recent times. It is now one of the leading small finance banks of this country. Primarily, they operate in rural and semi-urban areas. The company’s aim is to extend financial services to the parts of India, where traditional and big names of this industry have no presence.
• As per its DRHP, Jana Small Finance Bank’s IPO will have a valuation of Rs. 2,000 crores, comprising OFS and fresh issue. The offer for sale will have to gather Rs. 1,300 crores, and the fresh issue equity shares will generate the remaining Rs. 700 crores.
• The financial institution plans to utilise its IPO proceedings to improve its Tier-1 capital base.

MobiKwik

• MobiKwik has submitted its DRHP with India’s capital market regulator SEBI to go public with an IPO of Rs. 1,900 crores. This public issue will entail sales of fresh issue equity shares amounting to Rs. 1,500 crores, and the remainder will be through an offer for sale.
• Additionally, the company has reserved 7% of its equity, which amounts to about 4.5 million shares for its employees.
• MobiKwik is one of India’s prominent mobile wallet service providers. It extends peer-to-peer payment services using UPI. Thus, it enables users to make digital gold investments and complete various bill payments and recharges through this platform.
• MobiKwik plans to touch the desired $1 billion valuation with this IPO.

Ruchi Soya

• Among this IPO fest, Ruchi Soya is an exception with its follow-up public offer. The company is initiating an FPO with a valuation of about Rs. 4,300 crores.
• The company is one of the well-known FMCG companies with brands like Nutrela, Ruchi Gold, Mahakosh, and Sunrich under its wing.
• This move came as Patanjali’s initiative to relist Ruchi Soya’s stocks after buying the company in 2020.

Arohan Financial Services

• Arohan Financial Services primarily operates to provide monetary support to the economically backward segment of this country. It also operates regular financial services to areas where traditional banks and NBFCs do not have a significant presence.
• According to the DRHP filed with SEBI, the company’s initial public offering will be worth about Rs. 1,800 crores. It will have a fresh issue of equity shares amounting to Rs. 850 crores, and an OFS of 27,055,893 equity shares by current stakeholders.
• Moreover, pre-IPO arrangements are on the cards as well, amounting to Rs. 150 crores. Also, the company plans to allocate 35% of shares for Retail Investors, 15% for Non-Institutional Investors, and 50% for Qualified Institutional Buyers. The share allocation for employees will be 5%.

Penna Cement

• The IPO of Penna Cement as per its DRHP will be worth Rs. 1,550 crores. It will entail freshly issued equity shares amounting to Rs. 1,300 crores and offer for sale of Rs. 250 crores.
• Penna Cement is one of the leading entities in its industry, with a yearly 10 million tonnes production capacity and has a notable presence in the Eastern and Southern parts of this country.
• The company has recorded total revenue of Rs. 2,476 crores in FY2021, comprising an operating profit of Rs. 480 crores. Additionally, the net profit for this fiscal year was Rs. 152 crores.

Utkarsh Small Finance Bank

• Utkarsh SFB received a go-ahead from SEBI to start its IPO proceedings in June. After the listing, this company will be the 6th financial institution to be on India’s stock market.
• As per its draft red herring prospectus, this IPO will have a valuation of Rs. 1,350 crores. This includes an offer for sale of Rs. 600 crores and a fresh issue equity shares of Rs. 750 crores. This public issue will aid the current majority shareholder Utkarsh Coreinvest Limited to liquidate its stake in the company.
• Proceedings from this initial public offering will aid the financial institution in expanding its Tier-I business capital.

Fincare Small Finance Bank

• Another small finance bank on this list, Fincare SFB, is also set to hit the bourses with its upcoming IPO. The company has already filed the required documents with SEBI to initiate this process.
• As per their DRHP, this IPO will have a valuation of about Rs. 1,330 crores, including fresh issue equity shares of Rs. 330 crores and OFS of Rs. 1,000 crores by the current company promoters.
• Fincare SFB has a total network of 528 banking and 219 business correspondent outlets, including 108 ATM points spread across 16 states and 3 union territories.

ESAF Small Finance Bank Ltd

• ESAF Small Finance Bank is another SFB on this list of banks going public in FY2022. Initially, the financial institution had plans to go public in early 2021, but the pandemic stopped that progress.
• However, the bank is now under regulatory pressure. Since RBI guidelines state that any bank that crosses the Rs. 500 crore threshold needs to list its shares in a local exchange within 5 years of achieving this feat.
• The draft red herring prospectus of the financial institution reflects that this IPO will have a valuation of Rs. 998 crores. This will include fresh issue equity shares of Rs. 800 crores, and the remaining Rs. 198 crores are through and OFS.

Shri Bajrang Power & Ispat Limited

• Shri Bajrang Power & Ispat Limited has received the green light from the capital market regulatory body SEBI to proceed with its IPO. This IPO is likely to be worth Rs. 700 crores. This public issue will only contain 41,18,000 fresh issue equity shares at a face value of Rs. 10 per share.
• Shri Bajrang Power & Ispat Limited is a well-known integrated steel company in this country. The company has appointed IDBI Capital Markets & Securities Limited, SBI Capital Markets Limited, and Equirus Capital Private Limited as its lead managers.
• It will use this IPO proceeding to repay its existing debts and meet its working capital needs.

Studds Accessories Limited

• Leading crash helmet and accessory maker for motorcycles, Studds Accessories Limited will also go public this year.
• According to sources close to the organisation, this IPO will be worth Rs. 98 crores, and current investors may dissociate about 3,939,000 equity shares.
• Studds Accessories Limited accomplished an exclusive feat in 2018 by becoming the highest retailer of two-wheeler helmets internationally. In spite of the COVID-19 pandemic, the company has recorded Rs. 436.94 crores in revenue.

Upcoming IPOs in 2021

With a number of public issues in the pipeline, this fiscal year will be a busy one in Dalal Street. Here is an overview of some noteworthy public issues that will hit the stock market by the end of this fiscal year, i.e. March 2022.

LIC India Ltd.

• India’s prominent life and general insurance company is gearing up to make its stock market debut before the end of this fiscal year. According to several reports, the LIC of India has 69% market share in India’s present insurance sector. It also has a Rs. 290 crores fund base.
• Once announced, this public issue is likely to be the biggest one in India to date. Even though the final valuation of this IPO is not public yet, experts are predicting that it will be around Rs. 45,000 to Rs. 55,000 crores.
• Additionally, the expected price band of this public offering is likely to be Rs. 400 to Rs. 500.
• This disinvestment of LIC of India is a part of the Indian Government’s plan to raise Rs. 1.75 lakh crore in this fiscal year of 2021-22 by selling their stake in various organisations.

PharmEasy

• India’s first billion-dollar medicine retail startup PharmEasy is considering an IPO of about Rs. 3,000 to Rs. 3,700 crores. The company is exploring different possibilities associated with it; hence, no final confirmation is available yet.
• According to different sources, PharmEasy’s parent company, API Holding, has plans to list its company shares in the USA to attain better valuation.
• Apart from these, PharmEasy created a new record in June 2020 by buying Thyrocare. This is the first non-listed company to acquire a lion share in a listed company. Thyrocare has been a popular diagnostic chain in operation for more than 20 years.

boAt Electronics

• boAt Electronics is mainly famous for its wide range of audio equipment that includes earphones and headphones (both wired and wireless), different types of speakers, and wearables.
• This made in India brand is now pondering the possibility of going public with an IPO of Rs. 3,500 crores. The company is in discussion with its lead managers to finalise the particulars of this public issue. Once completed, it will file a DRHP with the Securities and Exchange Board of India.
• When and if this initial public offering successfully materialises, it will take the valuation of boAt Electronics to Rs. 11,000 crores.

Lava International

• One of India indigenous smartphone brands, Lava International, is also pondering the possibilities of an IPO. The company is still in the preparation stage and will file its DRHP once they receive approval from its board and existing stakeholders.
• As per reports, this initial public offering will be of about Rs. 2,400 crores, comprising an OFS and fresh issue equity shares. The face value of shares here is expected to be Rs. 5 per share.
• Funds generated from this IPO will help Lava International to bolster its financials further and enhance its business scopes.

Healthium Medtech

• Moving on to a more niche segment, Healthium Medtech is this country’s 2nd largest surgical sutures and medical consumables manufacturing company.
• Currently, Healthium Medtech is also discussing a possibility of an IPO of about Rs. 1,500 crores. This public issue will include the selling of 3.91 crore shares by current stakeholders through an OFS. It will also raise about Rs. 390 crores through fresh issue equity shares.
• With assistance from this initial public offering, the company is planning to meet a valuation of Rs. 7,500 crores. Additionally, proceeds of this public issue will be utilised for business development.

Seven Islands Shipping Ltd.

• One of India’s leading seaborne shipping and crude oil carrier companies, Seven Island Shipping Limited, is also planning to go public with an IPO of about Rs. 600 crores. The company has recently received permission from SEBI for imitating the required process.
• This IPO will include fresh issue equity shares of Rs. 400 crores and an OFS of Rs. 200 crores.
• Seven Islands Shipping Ltd. will use the IPO funds to buy new vessels for crude oil transportation.

Delhivery

• This financial year has witnessed a number of technology firms from different sectors going public. The latest name on that list is Delhivery, a tech-based logistics and supply chain company.
• As per sources, the company is currently working on its DRHP and aims to go public by the end of this financial year. Additionally, this initial public offering may have a $400-500 million valuation, which will propel Delhivery’s market value to over $4 billion.
• Recently, Delhivery achieved a new feat by becoming India’s leading logistics firm in terms of revenue. The company has crossed market veteran Blue Dart with a total income of Rs. 3,700 crores, which is about a Rs. 400 crores gap.

Medi Assist Insurance TPA Pvt. Ltd.

• Medi Assist Insurance TPA Pvt. Ltd. operates in a unique business tangent. The company is an administrator for insurance policies and aid insurance providers during document processing and claim settlement.
• Once realised, Medi Assist Insurance TPA Pvt. Ltd. will be the first company to go public from this sector.
• As per multiple reports, this public issue will consist of only OFS. It will include 2.8 crore shares from current investors and promoters.

Closed IPOs of December 2021

CMS Info Systems

• CMS Info System is a well-known name in the business vertical of cash management services. It has pan-India operations and clients spread across the finance sector.
• CMS Info System has recently filed a DRHP for an IPO of Rs. 2,000 crores with the Securities and Exchange Board of India. Moreover, this IPO will only comprise an offer for sale and no fresh issue equity shares.
• The company primarily works in the segment of picking and delivering cash and providing ATM services.

Supriya LIfescience Ltd.

• Supriya Lifescience excels in manufacturing Active pharmaceutical ingredients (APIs).
• The company proposed to raise Rs. 700 crore in an IPO offering that will combine Rs 200 crore in primary issues and Rs 500 crore in an offer for sale.
• The IPO will open for subscription on 16 December 2021 and close on 20 December 2021.

HP Adhesives

• HP Adhesives is the leading producer of solvent cement in Asia. Overall, it offers nearly 25 products, primarily catering to the real estate sector.
• The company filed its DRHP with SEBI recently for an IPO comprising approximately 41.40 lakh fresh shares and 457200 offer-on-sale shares.
• This initial public offer will go live on 15 December 2021.

Data Patterns

• Data Patterns, a popular defence and aerospace component manufacturer, has filed its DRHP to go public.
• As per its DRHP, this IPO will have a new issue of equity shares worth Rs. 240 crores. Additionally, the OFS will include a sale of 5,952,550 shares by current promoters.
• This IPO will be open for subscription on 14 December 2021.

MedPlus

• MedPlus Health Services is another prominent medicine and healthcare product retailer on the verge of going public. The company has already filed its draft red herring prospectus with SEBI.
• This public issue is likely to be worth Rs. 1,398.30 crores, entailing an OFS of Rs. 798.30 crores and fresh issue equity shares of Rs. 600 crores.
• MedPlus’s objective with this IPO is to meet the working capital needs of one of its subsidiaries, Optival.
• This IPO will be open for subscription on 13 December 2021.

Metro Brands Limited

• Metro Brands filed its DRHP with SEBI in August to raise funds via an IPO.
• The public issue will comprise a fresh issue of equity shares worth Rs. 295 crores alongside an offer for sale of 2,14,50,100 shares.
• The company may also have pre-IPO placement of Rs. 10 crores.
• Metro Brands is one of India’s leading footwear retailers with 586 stores spread across 134 cities.
• The size of the IPO is Rs. 1,367.51 crores and will open for subscription on 10 December 2021.

MapmyIndia

• E. Infosystems, the owner of MapmyIndia, a digital map-making company, has filed DRHP with SEBI to float its IPO.
• The public offer will comprise an offer for sale of 7.55 million shares by its existing investors.
• The company plans to raise around Rs. 1,039.61 crores via this IPO. The price band will be at Rs. 1,000 – Rs. 1,033 per share.
• The initial public offer will be open for subscription on 9 December 2021.

Shriram Properties

• Shriram Properties, based out of Bengaluru, is one of the leading real estate development companies in this country. It has recently filed a DRHP to go public with an IPO of Rs. 600 crores. This will comprise fresh issue equity shares of Rs. 250 crores, and Rs. 350 crores in offer for sale.
• As its lead managers, the company has appointed ICICI Securities, Nomura Financial Advisory and Securities, and Axis Capital.
• The face value of the shares here is Rs. 10 per equity share.

RateGain Travel Technologies

• RateGain, a SaaS based travel and hospitality services provider, filed its DRHP with SEBI to float its IPO.
• The tentative size of RateGain’s IPO is going to be Rs. 1,335.74 crores, of which Rs. 375 crores will be fresh issue of equity shares and the rest will comprise an offer for sale of 2.26 crore shares.
• The proceeds from this IPO will be utilised to foster organic growth via integration of artificial intelligence, technology innovation and more.
• The IPO will be opening for subscription on 7 December 2021.

Anand Rathi Wealth

• Anand Rathi Wealth is a popular NBFC of this country, extending a wider variety of financial products. Its product range comprises portfolio management services (PMS), insurance and research advisory. The company also extends investment options in stocks and mutual funds.
• As per its DRHP, the company will sell about 1.2 crores shares to raise about Rs. 660 crores.
• BNP Paribas, IIFL Securities and Equirus Capital are the lead managers of this IPO.

Tega Industries

• Tega Industries is a leading manufacturer of specialised consumable products for the international mining, bulk solid handling and the mineral beneficiation industry.
• The company offers a wide range of dedicated lining components made out of polyurethane, wear and abrasion resistant rubber, ceramic and steel.
• Tega Industries is planning to raise about Rs. 619 crores through this IPO.
• This public issue will go live on 1 December 2021 and close on 3 December 2021.

Frequently Asked Questions

1. How to get the application forms for IPOs going live in December 2021?

You can easily get the application form for IPOs going live in December on the website of a broker or via NSE/BSE’s website. You can also download a physical copy of the same via your broker’s website. Afterwards, you can duly fill it up and submit it along with the required documents.

2. How to calculate the total size of public issues going live in December 2021?

To calculate the total size of public issues going live in December 2021, you can simply multiply the stock’s price with its total volume and add the value of a single share.

3. What is the process of staying up-to-date with the subscription news of IPOs going live in December 2021?

Clients of Angel One can visit our website or mobile application to review the subscription status of an IPO. They can also study company financials, the face value of shares, total issue size, lot size, price band, etc. Additionally, individuals can also learn about the SWOT analysis. Furthermore, one can refer to the IPO calendar available here for a quick overview.

4. What is the application process for IPOs via UPI?

As per the existing guidelines, retail individual investors can take the help of UPI ID to apply for an initial public offering. Nonetheless, to make payments, one needs to like his/her bank account with a UPI ID like Google Pay, PhonePE, BHIM, and likes. After completing this step, the bank or broker will send a payment mandate to complete this transaction. Individuals can begin trading after they authorise this mandate.

5. What is the application process for IPOs going live in October 2021?

Current customers of Angel One can take the assistance of their current Angel One account to apply for any public issue of their choice. Furthermore, they can use their UPI IDs to block their allotted IPO amount after they link it with the Angel One account. Alternatively, they can also take the help of the ASBA process extended by banks for this purpose.